The Government of Ghana joined the Better Than Cash Alliance to enhance fiscal transparency and promote financial inclusion for all its citizens. By becoming an Alliance member, the Government commits to transition government programmes from cash to digital payments.
This report presents detailed information on the Petroleum Funds from January to
September 2014. Similar to the 2013 report, the 2014 Annual Report on the Petroleum
Funds covers only nine months of 2014 as the 2015 Budget is due to be presented in
The government of Ghana has paid all the arrears relating to the migration of public sector workers onto the Single Spine Salary Structure (SSSS). Government has also for the first time provided its own inputs for negotiations in connection with the International Monetary Fund (IMF) economic package. This was disclosed by the Minister for Finance, Hon Seth Terkper, when he addressed a sensitization workshop on the 2015 budget in Accra. The workshop held annually for Regional Budget Officers, Regional Information Officers and cinema Van Commentators was to apprise them on policies and highlights of the 2015 statement and economic policy of government. The objective was to equip the officers with information for dissemination of budget information in their respective regions.
The Deputy Minister for Finance, Mrs. Helen Mona Quartey, has stated that health can only thrive in a healthy economy. Mrs Quartey said the Ministry had, therefore, embarked on number of programmes to achieve macro-economic stability that would take the nation to a higher middle income level and which would require a healthy labour and population to go along with it.
The Minister for Finance, Mr Seth Terpker, has revealed that government will implement the progressively free Secondary Education beginning of 2015. According to him, an agreed roadmap beginning with day students has been adequately catered for in the 2015 budget to begin implementation of the programme.
Ghana’s public debt stock as a percentage of GDP as of September, 18 2014 stood at 60.8 per cent, largely on account of increase in external net disbursements for infrastructure projects and net domestic
issuance, as well as the depreciation of the cedi.
Theme of the 2015 Budget: "Transformational Agenda: Securing the Bright Medium Term Prospects of the Economy". The transformational agenda is premised on Inclusive Growth, Value Addition and Diversification.
RESIDENTS of the mining communities have been asked to demand accountability from their respective assemblies by finding out what the royalties derived from mining companies are used for. The Chief Director of the Ministry of Finance, Major Samuel Mohammed Tara (rtd) who posed the challenge in Accra yesterday, said it had become evident that most mining communities suffered worst conditions in spite of their rich mineral resources.
The Ministry of Finance in collaboration with Ghana Community Network Services Limited (GCNET) has launched the Ghana Revenue Authority (GRA) Taxpayer Portal, to offer best services through the e-government platform in tax collection system. The platform spearheaded by the GRA is geared towards modernisation and automation of business processes to broaden the tax base by gathering the needed data to ensure transparency and efficiency as well as increase compliance.